LOVETT NOT IN FAVOR
OF i PROPOSED MERGER
(Continued from page 1)
was characterised by Judge Lovett
as impracticable because be did not
believe the government would take
all the risk and none of the profits.
If a small return of two, three or
four pe cent were guaranteed, he
said, thla would not be sufficient to
pay the! interest on bonds already
outstanding. "It would, make doub
Ip secure what Is already secured."
he continued, "but It would afford
no collateral for new Issues nor se
cure new loans." . ,
Credit Necessary
"The importance of restablishlnp
railroad credit cannot be over esti
mated,' said Judge Lovett, "but nev
ertheless, I am persuaded that no
guaranty short of a return upon the
full value of railroad property will
be helpful to that end, and that 8
guaranty of full value is not practi
cable without government operation'
which I regard as beyond discus-
BOin." -t.r'-r.f .r'-. r
Read the Classified Ads.
EI
GYGLES
BICYCLE SUPPLIES
You will find the wheel yon
want at ;
"The Home of the Mian"
T uh5AHD ammunition
126 South Commercial St
create a consumer's demand. lie il
lustrated what advertising .could do
by showing what the California-
growers were doing in advertising
the finest pears and cherries as Cal
ifornia products, which were really
grown in the vicinity of Salem. He
satd 100,000,0000 people living east
of!. the Rocky mountains knew but
little of Oregon's products, because
the California packers advertised
Oregon's . best nder California la
bels.': '
j : Oalifomlana Denounced
Aaron Sapiro talked about the Cal
ifornia packing trust and its mis
leading, advertisements. To illus
trate his points he htfd an abundant
supply of . colored advertising pages
wherein the California packers la
beled the Willamette valley Bartlett
pears as the famous as tbt famous
California Del Monte brand. He ex
plained in detail the plan of the
new organization In its campaign to
make Oregon's products known un
der Oregon labels.
( y
W. T. RIGDON CO.,
J V.
i Funeral Directors and Embalmers
Calls answered at all hours, day or night
252 N. ITigh St.
. Salem, Ore.
2000 ACRES SIGNED
FOR BY ASSOCIATION
(Continued from page 1)
SALEM MAYOR REFUSES
HELP TO STRIKERS
(Continued from page 1)
ice cream booth will be installed by
the girls at Willson park Tuesday
night for the band concert, as a
further means of raising money. '
"Wf girls who are now on strike
were, 100 per cent for liberty bonds
during the loan drives," said one of
the girls yesterday; "We bought
more bonds than any -other women's
organization in Salem, and I think
the" public should be willing to help
us now."
Because of some further misunder
standing as to the demands of the
strikers the following statement was
authorized by strike headquarters
last night:
"It has been brought to the atten
tfcm of the joint strike committee of
electrical workers and" telephone op
erators that the public is under the
impression that the strike is being
continue1 merely to secure retroac
tive pay.
"In order to clarify the situation
the committee hereby authorizes the
following , statement:
"The original demands of the
strikers were that the men should be
paid $6.40 a day, and other minor
working conditions should be grant
ed; that the minimum pay of the op
erators when starting work for the
telephone company should be, $2 a
day (which is barely enough for a
girl to live oj) and that they should
receive at the end of two years' ser
vice a wage of $4 a day, these rates
of pay to De made retroactive to the
first of January. 1919, at which time
the previous agreement with the tel
ephone company had expired.
"The telephone company then
made the following counter proposi
tion:
"That the men should receive $6
i day, to and including December 31,
1920. with no concessions as to oth
er conditions, and that the operators
should receive a maximum salary of
$19 a week after a period of seven
years' service, their 'agreement . to
terminate on June 15, 120.
''This counter proposition was not
in any way satisfactory to the strik
ers. Therefore, on Saturday, June
28. ao ultimatum was delivered to
D. P. Fullerton ceneval superintend
ent, and the telephone company stat
ing that the following points would
have to be met before the counter
.. , tjt
proposition coma receive any consiu
eration at our hands.
"First: Back pay from January 1.
1919; January 1, because at that
time Our agreement expired and all
they have done since then has been
to make promises. Therefore .the
agreement that we are working for
now should become effective Janu
ary 1. 1919..
"Second, termination of the men's
and the grlls agreement at oae and
the same time. The company wants
the ooera tors' agreement to termi
nate on June 15, 1920, and the men's
to terminate an January 1. 1920:
object, so that both agreements will
not terminate at once,- therefore.
$415,302.42
1,426.33
H. F. BONESTEELE
lyJ J "? Dealer In
1
BE MOTHERS
ROADSTER
The gasoline consumption is unusually low. The tire mileage
'. v . is unusually high.
. Paige Cars
ilT J Tho most beautiful C&r'in America.
; r J.T EI0UNE UNIVERSAL TRACTORS 2
7. A proven success, built and backed by the Moline Plow
- v.- Company, a ?19,000,000 Concern. y
cs buy a Thrift stamp t ;
208.S00.00
1.000.00
107,(00.00
14,300.00
1,000.00
15,009.00
31,000.00 61.300.00
i Charter No. 3 4 OS Reserve District No. 12
REPORT OP CONDITION . OF THK CAPITAL NATIONAL. BANK
At Salem, in the State of Oregon, at the Close of Business
on June 30. 1919.
RESOURCES
1; a Loans and' discounts. Including rediscounts
2. Overdrafts, unsecured .
5. U. 8. Bonds (other than Liberty Bonds, but in
cluding U. S. certificates of indebtedness):
a U. S. Bonds deposited to secure circulation
(par value)......... .$100,009.00
f d U. S. Bonds and certificates of indebtedness
r pledged as collateral for State or other de
ll posits or bills payable '.
f U. S. bonds and certificates of indebtedness
t V owned and unpledged.
I. Liberty Loan Bonds: j
, a Liberty Loan Bonds, 3, 4 and 4 percent,
unpledged
: b Liberty Loan Bonds. 3 , 4 and 4 per cent,
V pledged to secure U. S. deposits . .
; e Liberty Loan Bands, 3, 4 and 4 percent.
pledged to secure postal savings deposits . . .
, I d Liberty Loan Bonds, 3 , 4 and 4 per cent.
pledged to secure State or other deposits
- or bills payable.
7. Bonds, Securities, (other than U., 8.) :
; e Bonds and securities pledged as collateral for
State, or other deposits (postal excluded)
or bills payable
: e securities otner than u. 8. bonds (not in-
' eluding stocks) owned 'unpledged ........ 33.896.SS
9. Stock of Federal Reserve Bank (50 per cent oC.
subscription
10. a Value of banking house, owned and unin
cumbered .'
11. Furniture and fixtures... -
12. Real estate owned other than banking house
13. Lawful reserve with Federal Reserve Bank
15. Cash in vault and net amounts due from na
tional banks ,
16. Net amounts due from banks, bankers, and
trust companies other than Included In Items
13, 14, or 15 ,
18. Checks on other banks In the sVrne .city or - .
town as reporting bank (other than Item 17)
Total of Items 14, 15, IS, 17, and 18...... $90,591.19
19. Checks on banks located outside of. city or J
town of reporting bank and other cash items
20. Redemption fund with U. S. Treasurer and due - ,
r from U. S. Treasurer..... . (
21. Interest earned but not collected approxi
mate on Notes and Bills Receivable not
past due ,
22. War Savings Certificates and Thrift Stamps
, actually owned
23. Other assets, if any
202,339.77
28,279.47
I
236.226.3S
4.600.00
.28.279.47
4,374.22
3.219.28
61,280.83
83,340.50
170.25
7.080.44
i
3.051.28
6.000.00
4.717.64
82.40
9.190.00
mm." mm
UNITED STATES RAILROAD ADMINISTRATION '
-r- DIRECTOR GENERAL OF RAILROADS t
SOUTHERN PACIFIC RAILROAD LINES NORTH OF ASHLAND
icalion lie sorts
. ' A yacatkm Is a good Investment. - Rest and change are very
. beneficial to bodily health and mental vigor -July and August are
the Ideal vacation months. Attractive summer resorts are within
"easy reach. Kxcursioq tickets are on sale. .x
Newport j , . - "v- . " m
Season Tickets Trom Salem. ............ .$5.85
-Week-end Tickets from Salem.... .......34-95 ,
;.V . Corresp'onding fares front other points
Tillamook County Beaches
: ; Seasdn Tickets from Salem ........... v; -. 1 7.7 0
. - ' Fares to4eah-Kah-Nie, Mansanita and Bay-
ocean slightly higher corresponding fares X
from other points. X
Detroit
QdrttMAM Ttk1rAt. Imtvym O n 1 nn. J Aft
; Corresponding fares from other points.
IlcCredie Hot Springs
- vs season Tickets irom Salem. $8.65
Crater Lake.
, . Season Tickets, from Salem $ 2 8.3 0
15-day Ticket fromsalem. . ........ $26.10
, Corresponding fares from. other points.
, , , ,. f ara win open aDout July 1st. " " .
Ilarble Halls of Oregon V
Season TickeU from Salem...... $14.95
16-day TickeU from Salem . $ 1 3-.3 0 l
Corresponding fares from other points. '
Various -. V
oj7viijr ares ia enecc to uoiumoia River Beach
' ,Mt R,Blr National Park, Shasta Resorts,
Yellowstone National Park and Glacier National
rara.- inquire 01 Ticket Agent. ,
JOHN M. SCOTT, General Passenger Agent.
w.
30.
32.
33.
34.
35.
Total..
LIABILITIES
24. Capital stock paid in
25. ' Surplus fund '.
26. a Undivided profits ..1 31.737.76
b Less current expenses, interest, and taxes
paid 16,440.72
, Circulating notes outstanding.
Net amounts due to National banks
Net amounts due to banks, bankers, and trust
companies (other than included in Items
31 or 32) .
Certified checks outstanding ;
Cashier's checks on own bank outstanding
V; Total of Items 32, 33, 34 and 35 . . . ., $ 15,891.85
Demand deposits (other than bank deposits) sub
ject to Reserve (deposits payable within 30 days) :
36. Individual deposits subject to check
37. Certificates of deposit due in less than 30 days
(other than for money borrowed).. -
28. State, county, or other municipal deposits se
cured by pledge of assets of this bank .. . .
40. Dividends unpaid
Total of demand deposits (other than bank
deposits) subject to Reserve, Items 36, 37.
38, 39, 40, and 41 $556,360.34
Time deposits subject to Reserve (payable after
30 days, or subject to 30 days or more no
tice, and postal savings):
42. Certificates of deposit (other than for money
borrowed) ,
4 4. Postal savings deposits .
45. Other time deposits
Total of time deposits subject to Reserve.
Items 42. 43. 44, and 45 $294,003.17
46. United States deposits (other than postal
savings):
e Other United States deposits, including de-
, posits of U. S. disbursing officers 1,000.00
COT BEHIND I '
Uncle Sam's new delivery, boy, isn?t going to stand 'r
v any foolishness from those Democratic Kids. r. 'I
forcljg the operators union and
electrical workers union to be inde
pendent of each other.
'Third, maximum service period
for the operators of three years in
place of seven. It is reasonable to
believe that if an operator does not
become efficient in three years the
company would not keep her on the
payroll.
"The striking workers have not re
ceded la any war from their original
demands, and will not consider a set
tlement of any kind until these three
points have first been met by the
company. "We are now holding
conference at San Francisco but up
to the present time we have no of
ficial news as to the outcome."
fifteen; OF 32 kvc;exk
OPERATORS FORM STRIKE
EUGENE. Or.. July 12. Fifteen
of the 32 switchboard operators of
the Pacific Telephone and Telegraph
company here joined the strikers in
the other cities on the coast today.
The manager of -the company here
says that service is normal .the places
of the strikers having been nearly all
filled by former employes of the com
pany who reside here and by a num
ber of outside operators. A.i at
tempt to picket the local orficcs was
frustrated by the police who warned
the strikers that no street meetings
would be allowed.
$1,127,052.40
1125.009.00
.25.000.00
15.297.04
94.500.00
10,053.83
2.567.73
689.22
2,581.07
317.679.33
5,292.44
233.260.57
128.00
29.563.00
7.925.20
256.514.97
1.000.00
40
Total .' ; $1,127,052
STATE OF OREGON, ) . '
)ss.
County of Marion. )
I. Jos. H. Albert, Cashier of the above-named bank, do solemnly
swear that the above statement is true to the best of my knowledge and
. JOS. H. ALBERT, Cashier,
subscribed and sworn to before me this 12th day of July. 1919.
v , PAUL V. JOHNSON. Notary Public
(My commission expires January 8, 1921.
Correct Attest: J. H. ALBERT
E. M. CROISAN
" . B. J. MILES
i i IV . : - Directors.
I
1
"Here comes old Henpectle d-
you know ne nn i spoa?a o u
wife for ever a year?"
"Doesn't like to Interrupt her. I
suppose." uysianaer.
Tillamook Bay Hospital
The most ideal reet-cure resort on
the qoast. Overlooking the Pacific.
Beautiful environment.
W. C. HAWK, 31. D Prop.
Bay City : : Oregon
JONES GENERAL STORE
BAY CITY. OREGOX
or
Orderyour supplies In person
by phone. We deliver anywhere at
sny time. Groceries, Campers Sup-
piles, Fresh Fruits and Vegetables.
Candies and Tobacco.
When in Bay Ocean leave your orders
at our Confectionery store
COTTAGES
AND APARTMENTS
Newly furnished situated at Bar
View, the best fishing, clamming,
crabbing part of the beaches. Hous
ing room-for autos. Buy your ticket
direct to Bar View. For information
and reservations address
Dr. W. A. Wise m Bar View, Oregon
To Nehalem Mangauita
and Ncahkahnie
Boats meet all trains and motor
trains at Wheeler connecting with
auto stage at Nehalem.
Baggage and express carried.
Boats and autos for hire ,
Garage and expert mechanic
Anderson Broy OWce and Garage
- ' Nehalem,. Oregon
Season tickets for the lig Chautauqua week are now on salo.
at $2.50. AtT6 p. m. of the opening day hey advance to $3.00. .
Buy now 'and prepare for the joyous week of splendid musie,
lectures and entertainment. There are 26 big events coming
rless than 10c apiece by the season ticket plan. .
A FEIV FEATURES of the WEEK
PRIVATE PEAT !
Famous Canadian author, humorist arid leurer. IKs book,
"Private Peat' has had a sale of a million copies. .
Coming'with greatest war story of . . .
. the platform
CZECHOSLOVAK BAND : ' -
Jaroslav Cimera brings to Chautauqua his great Czecho-Slovak .
Band. A remarkable organization of splendid
Bohemian musicians. Two full eon
' cerU on he fifth day. - k '
RIARY'ADO. HAYS ' , -
Noted New York coloratura soprano at Chautauqua on the,-
iourtn nigut assisted by her company of Recital
Artists. Une of the big musical
events of the year.
APP0LLO CONCERT COMPANY ' V
Five musicians who sand in the front ranks among Cbautau-
i" iuii-ni animj, r eaiuring use Apoiiopnone.
V
t
A
They, bring two great concerts On
the last day.
1
. LEWIS MILITARY QUARTET ? '
Four concert voices comprise the Lewis Military Quartet.
- uc jtuue ui VQiiip iifw 13 One
of he best male auarteta in the
male quartets in the
country today.
C
1 1
Z3
r
JULY 20 iTO0''26
Carter's Mtttt3 Mver1 to
You Cannot be Vs. ARemedy That
Makes Life
Yorth Living
Use tea
Constipated
and Happy
immoral
IsnBD
CtRTERSt
ITTLt
IVER
rtus.
A"Si K (pARTER'S IRON PILLS
wMg?esiwpnuspaIe-facslBoeja
many color! sse
bt
a,